Li, Yanfei and Yao, Shuntian and Chia, Wai-Mun (2009): Demand Uncertainty, Information Processing Ability, and Endogenous Firm: Another Perspective on the Impact of ICT. Forthcoming in: NANKAI BUSINESS REVIEW INTERNATIONAL No. 4 (2011)
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This paper takes the firm as an information processing unit. It provides a model that involves the division of labour and specialization, and demand uncertainty. It shows that conditionally, a firm with information processing ability comes into being endogenously, with information rent generated. The size of the rent depends on the level of uncertainty, market competition, and the firm’s information processing ability. Information and Communication Technology is assumed to affect the information processing ability, therefore impacting on the rent. Finally, case studies on the wholesale and retail industry and the finance and insurance industry of 10 OECD countries are conducted.
|Item Type:||MPRA Paper|
|Original Title:||Demand Uncertainty, Information Processing Ability, and Endogenous Firm: Another Perspective on the Impact of ICT|
|English Title:||Demand Uncertainty, Information Processing Ability, and Endogenous Firm: Another Perspective on the Impact of ICT|
|Keywords:||demand uncertainty; information processing; firm|
|Subjects:||D - Microeconomics > D2 - Production and Organizations
L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior
D - Microeconomics > D8 - Information, Knowledge, and Uncertainty
D - Microeconomics > D4 - Market Structure and Pricing
L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance
|Depositing User:||Yanfei Li|
|Date Deposited:||11. Aug 2011 11:05|
|Last Modified:||13. Feb 2013 19:42|
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Available Versions of this Item
Endogenous Firm and Information Rent Under Demand Uncertainty. (deposited 20. Feb 2009 13:41)
Endogenous Firm and Information Rent Under Demand Uncertainty. (deposited 01. May 2009 05:00)
Endogenous Firm and Information Rent Under Demand Uncertainty. (deposited 22. Dec 2009 06:39)
- Demand Uncertainty, Information Processing Ability, and Endogenous Firm: Another Perspective on the Impact of ICT. (deposited 11. Aug 2011 11:05) [Currently Displayed]
- Endogenous Firm and Information Rent Under Demand Uncertainty. (deposited 22. Dec 2009 06:39)
- Endogenous Firm and Information Rent Under Demand Uncertainty. (deposited 01. May 2009 05:00)